MONEY
Gold proved its “mettle” in crisis situation as a commodity
Gold prices have rallied in almost every crisis situation.
Published in
4 min readOct 17, 2020
Gold prices have risen more than 25% in the first seven months of 2020. Domestic gold prices have gone up by almost 40%. Gold has outperformed almost all of the other major asset classes. It is for this reason that gold is sometimes referred to as a crisis commodity.
Gold prices have seen the largest jump during the current crisis as compared to other crisis-driven gold rallies like the 9/11 terror attack and the global financial crisis in 2008.
The yellow metals’ price went as high as ₹5,500 per gram in July 2020
Investment in Gold is one of the most convenient methods of saving for a lot of non-traditional investors with little knowledge of different investment vehicles. Gold is the metal we fall back on when other forms of currency don’t work.
